Bearing Isolators Market: Introduction
Bearing Isolators play a prom
inent role in day-to-day operations of interconnection shafts systems. The main function of a bearing isolator is to provide protection from external contaminants in a bearing lubrication system; hence, as the name suggest, it isolates the contaminants from the housing. A bearing isolator is a non-wearing, non-contact and a permanent solution for protection. A typical bearing isolator consists of a stator and a rotor, which are unitized so they may not be separated from each other. Usually, the stator is pressed into the bearing housing, while the rotor rotates with the rotating shaft. There is complete interaction between the two components so that the contaminants are kept out of bearing enclosure and lubrication is properly maintained. Bearing isolators do not require any lubrication or any particular shaft finish, hence the manufacturing cost and the maintenance cost is considerably reduced in the global market.
Bearing Isolators Market: Dynamics
Certain noticeable factors enhancing the growth of the bearing isolators market are growing urbanization & industrialization globally and the need for enhancement of safety features for high speed rotating equipment. Key market participants in the global market are also coming up with advanced solutions so the operational life of bearing isolators is increased considerably. The society of Tribologists & Lubrication Engineers (STLE) and the National Research Council of Canada (NRCC) have estimated that 82% of a machine’s wearing is caused by particle contamination. Moreover, when bearing isolators were used in the place of lip seals, astonishing results were observed; the replacement repair and downtime cost of the overall rotating equipment were decreased substantially. Hence, it is estimated that the market growth for bearing isolators is on the linear side of all macro-economic growth factors, which will in turn fuel the overall market growth. Statistics report that the usual cost of repair for a typical equipment failure, owing to lip seal breakdown, can be 5 to 15 times greater than the cost to prevent failure in the first place, i.e. maintenance cost. Thus, most end users and consumers in the global market are opting for costlier bearing isolators as compared to cheap lip seals so that the life of the operating bearing and equipment is extended.
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Attributing to the high number of industrial fatalities and equipment damage globally, prominent emphasis is being given to improve lubrication of bearings and shafts, which in turn is anticipated to fuel the overall growth of the global bearing isolators market in the near future. Latest innovation and development in the global market have led to the introduction of high speed and high torque capacity bearing isolators, which is estimated to drive the growth high accuracy bearing isolators in the global market. The metal bearing isolators segment is expected to hold a noticeable value and volume market share, which is estimated to propel the demand for the global bearing isolators market, due to the stringent government rules imposed on high speed equipment, coupled with the increasing efforts to reduce the production cycle time. Escalating cost of speed sensors and their corresponding technology united with changing prices are some of the key restraints contradicting the growth of the global bearing isolators market.
Bearing Isolators Market: Segmentation
The bearing isolators market can be segmented based on application and material type.
By material type, the bearing isolators market can be segmented as:
By Application, the bearing isolators market can be segmented as:
- Construction & Mining
- Paper and Pulp
- Steel & Metal Processing
- Manufacturing & Processing
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Bearing Isolators Market: Market Participants
Examples of some of the market participants in the global bearing isolators market are:
- Elliott Group
- John Crane
- Flowserve Corporation
- Beacon Gasket & Seals Co.
- Parker Hannifin
- Waukesha Bearings Corporation (Inpro/Seal)
- The Timken Company
- Baldor Electric Company
- Advanced Sealing International
- Garlock Sealing Technologies
- Isomag Corporation